Under the GST regime, HSN Code 62042991 classifies Embroidered With Lucknow Chikan Craft within Chapter 62 – Articles Of Apparel And Cloth. This code is essential for businesses to correctly calculate and remit taxes on Embroidered With Lucknow Chikan Craft. The applicable rates are CGST at 2.5/6%, SGST/UTGST at 2.5/6% for within-state sales, and IGST at 5/12% for interstate supplies. Goods are quantified using u.
HSN Codes under Chapter 62 – Articles Of Apparel And Cloth
Below are related HSN codes from Chapter 62 – Articles Of Apparel And Cloth for your reference:
| Chapter | HSN Code | Description | CGST | SGST/UTGST | IGST |
|---|---|---|---|---|---|
| Articles Of Apparel And Cloth... | 62011100 | Mens Or Boys Overcoats, Car-Coats, Cloaks, Anoraks... | 2.5%/6% | 2.5%/6% | 5/12% |
| Articles Of Apparel And Cloth... | 62011210 | Mens Or Boys Overcoats, Car-Coats, Cloaks, Anoraks... | 2.5%/6% | 2.5%/6% | 5/12% |
| Articles Of Apparel And Cloth... | 62011290 | Mens Or Boys Overcoats, Car-Coats, Cloaks, Anoraks... | 2.5%/6% | 2.5%/6% | 5/12% |
| Articles Of Apparel And Cloth... | 62011310 | Mens Or Boys Overcoats, Car-Coats, Cloaks, Anoraks... | 2.5%/6% | 2.5%/6% | 5/12% |
| Articles Of Apparel And Cloth... | 62011390 | Mens Or Boys Overcoats, Car-Coats, Cloaks, Anoraks... | 2.5%/6% | 2.5%/6% | 5/12% |
| Articles Of Apparel And Cloth... | 62011910 | Mens Or Boys Overcoats, Car-Coats, Cloaks, Anoraks... | 2.5%/6% | 2.5%/6% | 5/12% |
| Articles Of Apparel And Cloth... | 62011990 | Mens Or Boys Overcoats, Car-Coats, Cloaks, Anoraks... | 2.5%/6% | 2.5%/6% | 5/12% |
| Articles Of Apparel And Cloth... | 62012010 | Articles Of Apparel And Clothing Accessories, Not ... | 2.5/6% | 2.5/6% | 5/12% |
| Articles Of Apparel And Cloth... | 62012090 | Articles Of Apparel And Clothing Accessories, Not ... | 2.5/6% | 2.5/6% | 5/12% |
| Articles Of Apparel And Cloth... | 62013010 | Articles Of Apparel And Clothing Accessories, Not ... | 2.5/6% | 2.5/6% | 5/12% |
GST Rates for HSN 62042991
The tax structure for Embroidered With Lucknow Chikan Craft under HSN Code 62042991 follows a dual taxation model. CGST is levied at 2.5/6% and SGST/UTGST at 2.5/6% for intrastate sales. Interstate transactions attract IGST at 5/12%. All invoices must record quantities in u as the standard measurement for goods under Chapter 62 – Articles Of Apparel And Cloth.
Who Should Use HSN Code 62042991?
All businesses supplying Embroidered With Lucknow Chikan Craft are obligated to use HSN 62042991 on tax invoices. From producers to retailers within Articles Of Apparel And Cloth, Chapter 62 classification ensures uniform tax treatment. This requirement applies regardless of turnover or business model.
Business Registration Requirements
Starting a business involving Embroidered With Lucknow Chikan Craft? GST registration is mandatory for collecting and remitting taxes on HSN 62042991 goods. Companies planning international trade within Articles Of Apparel And Cloth must obtain an Import Export Code. Exporters need AD Code registration for receiving foreign payments. New entrepreneurs should complete company registration before pursuing trade-specific approvals.
Why Correct Classification Matters
Correct HSN Code 62042991 application for Embroidered With Lucknow Chikan Craft ensures smooth input credit utilization and assessment processes. Track 2.5/6%, 2.5/6%, and 5/12% rate changes for Chapter 62 – Articles Of Apparel And Cloth through official notifications for continuous compliance.
Frequently Asked Questions (FAQs)
What is the unit of measurement for HSN 62042991?
The standard unit of measurement for Embroidered With Lucknow Chikan Craft under HSN Code 62042991 is u. All invoices and GST returns must reflect quantities using this measurement standard.
Is HSN Code 62042991 mandatory for small businesses?
Yes, businesses dealing in Embroidered With Lucknow Chikan Craft must use HSN 62042991 on invoices regardless of their size. The number of digits required may vary based on turnover thresholds set by GST rules.
What happens if I use wrong HSN code for Embroidered With Lucknow Chikan Craft?
Using incorrect classification can result in wrong tax calculation, rejected input credits, and penalties during assessment. Always verify HSN 62042991 for Articles Of Apparel And Cloth goods before invoicing.
Do I need AD Code registration for exporting Embroidered With Lucknow Chikan Craft?
Yes, AD Code registration is required for exporters dealing in Embroidered With Lucknow Chikan Craft under Articles Of Apparel And Cloth. This registration links your bank account to process foreign currency payments from overseas buyers.
